leadership
confidence high
sentiment neutral
materiality 0.35
Impinj amends CEO severance; adopts CIC policy for CFO and CINO
IMPINJ INC
- CEO Chris Diorio gets 200% base salary lump sum and full equity acceleration on change-of-control termination.
- Outside change-of-control, CEO receives 12 months base salary and vesting of equity for 12 months post-termination.
- New CIC Policy covers CFO Cary Baker and CINO Cathal Phelan: on change-of-control termination, 100% base salary and target bonus prorated, full equity vesting.
- Outside change-of-control: those execs get 50% base salary over 6 months, 25% equity vesting, 6 months COBRA.
- All severance subject to release; no tax gross-ups provided.
item 5.02